Funding in Indian startups this week (01 June-06 June)


This week 13 Indian startups raised funding, of which 9 received a total sum of about $40 million. Among them, DocsApp raised the highest funding of about $20 million followed by Bankbazaar, which raised $6 million.

Meanwhile, funding for 4 of the total funded startups remained undisclosed.

Below is the summary of deals closed this week

DocsApp: Healthcare startup, DocsApp, has announced merger with Medibuddy and has scored $20 million worth Series B funding round for the joint entity led by Bessemer Venture, Fusian Capital, Mitsui Sumitomo, and Beyond Next Ventures.

Vedansh Pratap | Entrackr

Rentomojo: Online furniture and appliances rental, Rentomojo, has raised around $3 million from existing investors, Shri Investment; Pratithi Investment Trust and Gautam Dalmia.

Crofarm: Farm to retail agritech startup, Crofarm, has raised a $1 million fresh financing round led by Smile Group

BankBazaar: Online marketplace for financial products, BankBazaar, has secured $6 million funding as a part of its ongoing Series D round. While WSV has led the latest investment, existing investors, Amazon, Sequoia India, Experian, and Eight Roads also participated in it.

LetsTransport: Logistics marketplace for intra-city deliveries, LetsTransport, has raised $1.33 million in a funding round from Blacksoil Capital. The company would utilize the new capital towards bolstering its operational capabilities and help transform the logistics ecosystem in India.

iNurture: Bengaluru-based edtech startup, iNurture, has raised $4 million from Kimera Ltd, a Dubai-based family office.

QuaQua: Hyderabad-based QuaQua, a platform that provides real and virtual travel experiences, has raised $1 million from Anthill Ventures and other existing investors.

WoodenStreet: Jaipur-based online custom furniture platform WoodenStreet has raised $3 million in Series A funding from IAN Fund and existing investor Rajasthan Venture Capital Funds.

Cube Wealth: Digital wealth management service for professionals, Cube Wealth, has raised $0.5 million in funding from two of its existing investors – Beenext and Asuka Holding,

Undisclosed deals this week

Vahak , Axys, Credgenics, and Nutrova did not disclose their financial details.

*Every week we track startups that have raised fresh investment. Stay tuned for next week roundup

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